80% LVR with a super low rate
5.99
%
p.a.1
Principal and interest
5.99
%
p.a.1,2
Comparison rate
Talk to us about your home loan needs and we will package up a home loan with the features you want and tailor the rate to your circumstance.
Star Essential is our “no frills” home loan to keep things simple and your costs low. You can also enjoy up to an 80% LVR which
means you can borrow up to 80% of the property value and dream a bit bigger. Other benefits include unrestricted extra
repayments, free redraws, multiple loan splits, and more.
Free online redraws
Multiple loan splits
*Refer to our fees table. Disbursement cost and Government charges still apply.
| Principal & Interest | Principal & Interest | Principal & Interest | Interest Only | Principal & Interest | 1 Year P&I | 2 Years P&I | 3 Years P&I | ||
| Rate (80% LVR) except Star Gold |
5.74%p.a. | 5.99%p.a. | 5.84%p.a. | 6.24%p.a. | 5.84%p.a. | 6.44%p.a. | 5.85%p.a. | 6.44%p.a. | 6.64%p.a. |
| Comparison Rate | 5.74%p.a. | 5.99%p.a. | 5.84%p.a. | 6.24%p.a. | 6.09%p.a. | 5.93%p.a. | 5.87%p.a. | 6.04%p.a. | 6.19%p.a. |
| Variable | ✔ | ✔ | ✔ | ✔ | ✘ | ✘ | ✘ | ✔ | |
| Term | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years |
| Interest Only Period | ✘ | ✘ | ✘ | 5 Years | ✘ | ✘ | ✘ | ✘ | 5 Years |
| Maximum Loan Amount (Single Security)* |
$1,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $1,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $1,250,000 |
| Maximum Loan-to-Value Ratio |
70% | 80% | 90% | 90% | 90% | 90% | 90% | 90% | 80% |
| Accepts Weekly/Fortnightly/ Monthly Payments |
✔ | ✔ | ✔ | Monthly Only | ✔ | ✔ | ✔ | ✔ | ✔ |
| LMI Applicable | ✘ | ✘ | Above 80% only | Above 80% only | ✘ | Above 80% Only | Above 80% Only | Above 80% Only | ✘ |
| Available for: | |||||||||
| Home Purchase | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Home Refinance | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Construction | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ |
| Features: | |||||||||
| Internet Banking | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| BPAY | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Debit Card | ✔ | ✘ | ✔ | ✔ | Optional Extra Rate May Differ |
✔ | ✔ | ✔ | ✔ |
| Free Loan Splits | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 |
| Redraw | ✔ | ✔ | ✔ | ✔ | ✔ | Max $20,000 p.a. | Max $20,000 p.a. | Max $20,000 p.a. | ✘ |
| Offset Account | ✔ | ✘ | ✔ | ✔ | Optional Extra Rate May Differ |
Max $20,000 p.a. | Max $20,000 p.a. | Max $20,000 p.a. | ✘ |
| Read more | Read more | Read more | Read more | Read more | Read more | Read more | |||
*Loan borrowing amounts, Loan-to-Value Ratio and Rates are subject to terms, conditions, eligibility criteria and final credit assessment.
| Fees | Star Gold Owner Occupied | All Other Products (Variable Rate) |
Star Classic Fixed (1 - 3 years) |
Star Classic Owner Occupied Construction |
| Principal & Interest | Principal & Interest | Principal & Interest | ||
| Application Fee | $0 | $0 | $0 | Refer to the fees located on the Construction page |
| Annual / Monthly Fee | $0 | $0 | $0 | |
| Valuation Fee (per property up to $1m) | $0 | $0 | $0 | |
| Legal Preparation Fee | $0 | $0 | $0 | |
| Fixed Rate Lock in Fee (optional) |
$0 | $0 | $4953,4 | |
| Settlement Fees | $0 | $3953,4 | $3953,4 | |
| PEXA Fee | $66.333,4 | $66.333,4 | $66.333,4 | |
| Government Charges | At Cost3,4 | At Cost3,4 | At Cost3,4 | |
| Disbursements (including title search fees) | $1503,4 | $1503,4 | $1503,4 | |
| Discharge Fee | $ 5955 | $ 5955 | $ 5955 |
| Product Name | Star Classic Investment Variable Rate |
Star Classic Investment Fixed Rate |
Star Classic Owner Occupied Construction |
|||
| Principal & Interest | Interest Only | 1 Year Principal & Interest |
2 Year Principal & Interest |
3 Year Principal & Interest |
||
| Rate (80% LVR) | 6.14%p.a. | 6.54%p.a. | 6.84%p.a. | 6.84%p.a. | 6.84%p.a. | 6.94%p.a. |
| Comparison Rate | 6.17%p.a. | 6.57%p.a. | 6.24%p.a. | 6.31%p.a. | 6.37%p.a. | 6.11%p.a. |
| Variable | ✔ | ✔ | ✘ | ✘ | ✘ | ✔ |
| Term | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years | 30 Years |
| Interest Only Period | ✘ | 5 Years | ✘ | ✘ | ✘ | 5 Years |
| Maximum Loan Amount (Single Security)* |
$2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $2,000,000 | $1,250,000 |
| Maximum Loan-to-Value Ratio | 90% | 90% | 90% | 90% | 90% | 80% |
| Accepts Weekly/Fortnightly/Monthly Payments | ✔ | Monthly Only | ✔ | ✔ | ✔ | ✔ |
| Available for: | ||||||
| Home Purchase | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Home Refinance | ✔ | ✔ | ✔ | ✔ | ✔ | ✘ |
| Construction | ✘ | ✘ | ✘ | ✘ | ✘ | ✔ |
| Features: | ||||||
| Internet Banking | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| BPAY | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Debit Card | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ |
| Free Loan Splits | 4 | 4 | 4 | 4 | 4 | 4 |
| Redraw | ✔ | ✔ | Max $20,000 p.a. | Max $20,000 p.a. | Max $20,000 p.a. | ✘ |
| Offset Account | ✔ | ✔ | Max $20,000 p.a. | Max $20,000 p.a. | Max $20,000 p.a. | ✘ |
| Read more | Read more | Read more | ||||
*Loan borrowing amounts, Loan-to-Value Ratio and Rates are subject to terms, conditions, eligibility criteria and final credit assessment.
| Fees | Star Classic Investment Variable Rate |
Star Classic Investment Fixed Rate |
Star Classic Owner Occupied Construction |
| Principal & Interest | Principal & Interest | ||
| Application Fee | $0 | $0 | Refer to the fees located on the Construction page |
| Annual / Monthly Account Fee | $0 | $0 | |
| Valuation Fee (the minimum cost will be covered, any additional expenses incurred due to travel or properties greater than $1m in value may incur a fee) | $0 | $0 | |
| Legal Preparation Fee | $0 | $0 | |
| Fixed Rate Lock in Fee (optional) | $0 | $4953,4 | |
| Settlement fee | $3953,4 | $3953,4 | |
| PEXA Fee | $66.333,4 | $66.333,4 | |
| Government Charges | At Cost3,4 | At Cost3,4 | |
| Disbursements (including title search fees) | $1503,4 | $1503,4 | |
| Discharge Fee | $ 5955 | $ 5955 |
Homestar Finance has been providing Australians with competitive and customer-focused home loan solutions since 2004.
Our dedicated team of loan specialists are there to support you through your home loan journey, and take the time to get to know you so we can offer our customers a personalised service – making it easy to find a home loan solution that suits you.
Investor Home Loan
Home Lender
Variable Home Lender
Variable Home Lender
Investment Variable Home Lender
Investment Variable Home Lender
We've made it easy
Simply fill in an online form or call us to get your home loan journey started! We’ll support you through the process from start to settlement.
Based on your home loan needs, our team will work with you to determine how much you can qualify for. Then you can shop around for a property with confidence knowing how much you can afford!
After liaising with one of agents and booking an appointment, a Loan Specialist will go through specific requirements for your home loan, and work out which option is best for you. This is where we’ll also share with you what documents are needed, and completed the identification process.
Once you’ve submitted all your documents, you can leave the rest of us. Our team will do the ID checks, the credit checks, and will organise the property valuation…packaging your home loan application for approval.
Your home loan application will be sent for final approval.
Our team will liaise directly with you and any intermediaries to ensure a smooth settlement of your home loan. Enjoy your savings!
Your home loan pre-approval application can be done completely online via our form with no paperwork involved! The form takes only 5 minutes to complete, and you can save your progress and finish at any time.
Apply nowAll you need to begin your application online are details of your income, current credit obligations (like personal loans and car loans), available credit limits (from credit cards, store cards and interest fee accounts) and the amount you are looking to borrow.
In general, we do not offer face-to-face appointments because this would significantly add to the cost of providing you with your loan. We would need to pass this cost on to you in the form of higher interest rates or fees – which we really do not want to do! Our Lending Specialists use great loan processing technology so that we can do all the things that you would typically expect in a face-to-face loan application process by phone- and we can do it in a fraction of the time that a face-to- face meeting would take.
Lenders Mortgage Insurance (LMI) is insurance that protects the lender in the event the borrower defaults and the security property is sold and the funds from the proceeds of the sale are not enough to discharge the loan. The LMI then pays the Lender the shortfall. The rights to recover the shortfall from all of the parties on the loan (borrowers) are then transferred across to the LMI who will pursue the shortfall. The cost of LMI insurance is a one off payment at the start of the loan. It is usually added to the loan amount and should not be confused with Building Insurance or Income Protection Insurance
A comparison rate is a legislated calculation which gives consumers an idea of the actual cost of the loan, as it includes the interest rate and the standard fees applicable to that loan. It avoids consumers being misled by lenders advertising a lower interest rate, but charging high fees to compensate for the low rate.
1 Rates shown apply to new eligible Owner Occupied home loans only, up to 80% LVR, loan amounts up to $2,000,000 and at least one applicant is on PAYG employment. Rates are subject to change without notice. Existing borrowers may have different interest rates which are dependent on the rate offered to the borrower at the date when a home loan settled and any reductions or increases the lender decided to make on the existing loan over time. Accordingly, there is not one standard variable rate that applies to all Homestar Finance home loans and existing customers can confirm their current rate(s) by logging in to internet banking or by contacting customer service. Terms, conditions, and eligibility criteria apply.
2 Comparison rates are based on a basic Homestar Finance loan, on a $150,000 loan amount over 25 years. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. 3Third party cost(s) incurred by service provider(s) are payable and may vary or increase depending on the service provider, nature of the service and request. Any additional cost(s) are passed on directly to the applicants(s). If there is a variation or an increase, a separate quote will be provided. 4Disbursements payable. 5Discharge fee is waived if loan reaches full term as per the loan agreement.
Other fees and charges may apply.
DISCLAIMER: Terms, conditions and eligibility criteria apply to all our loan products and features. Fees, charges and disbursements are payable. Final approval is subject to credit assessment. Information valid as at 28th February 2025 which is subject to change without notice. Please consider if the product is appropriate for your individual circumstances. If you need assistance or have any questions about a product or feature and its suitability, please contact our Loan Specialists.
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